The Brazilian Central Bank (BC) has revised the projection for economic growth this year from 2.7% to 2.9%.
The Gross Domestic Product (GDP) estimate, the sum of all goods and services produced in the country, is in the Inflation Report released today (Dec. 15) by the Central Bank.
For 2023, the GDP growth projection remains at 1%.
According to the report, the high GDP projection this year reflected the "increase in the forecast for the services sector, partially offset by a decrease in the estimates for agriculture and livestock and industry.
"The projection for agriculture and cattle-raising . . .
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